Goldman Sachs Reports Sharply Higher Earnings

Revenue from investment banking and trading, Goldman's traditional powerhouses, were both down for the quarter. 


 
Synopsys to Acquire Ansys in $35 Billion Deal

Synopsys will acquire Ansys in a cash-and-stock deal giving the design-software company an enterprise value of about $35 billion. 


 
Morgan Stanley Earnings Are Hit by One-Time Charges

The company says results were affected by a settlement with regulators over block-trading fraud charges and by a charge related to an FDIC special assessment. 


 
Shell Suspends Red Sea Shipments Amid Fears of More Houthi Attacks

The oil major joins other global shippers, including other energy companies, in deciding to avoid the Red Sea. 


 
Elon Musk Seeks Greater Control Over Tesla Ahead of AI Advancements

The billionaire said in a post to X that he feels uncomfortable making the auto company a champion of artificial intelligence without holding about 25% of the company. 


 
Restaurant Brands To Acquire Largest Burger King Franchisee In U.S. For $1 Billion

Burger King-owner Restaurant Brands International will acquire Carrols Restaurant Group for about $1 billion in cash. 


 
Apple Goes on the Offensive as iPhone Sales Slip in Its Biggest Overseas Market

The company is offering rare discounts in China, including on its latest iPhones, in a bid to compete with high-end offerings from Samsung and Huawei. 


 
Profits Comeback Paired With Rate Cuts Make a Powerful Mix

Companies put the earnings recession further behind them in the fourth quarter, even as rates are set to start falling. 


 
Shell Sells Nigeria Onshore Oil Business

Shell agreed to sell its Nigerian onshore subsidiary to a consortium of five companies for up to $2.4 billion. 


 
Global Battery Race Heats Up With Billions for Europe's Northvolt

The startup plans to use the funding to expand battery production at a factory in northern Sweden for customers such as Volkswagen and BMW.


(END) Dow Jones Newswires

01-16-24 0915ET